MITEK SYSTEMS INC 4
4 · MITEK SYSTEMS INC · Filed Jul 6, 2017
Insider Transaction Report
Form 4
CLARK RUSSELL C.
Chief Financial Officer
Transactions
- Sale
Common Stock
2017-07-03$8.25/sh−39,400$325,050→ 88,818 total
Footnotes (1)
- [F1]In connection with the reporting person's resignation from the Company, 90,966 unvested restricted stock units held by the reporting person were automatically accelerated and became vested pursuant to the terms of the reporting person's Executive Severance and Change of Control Plan. At such time, 38,560 shares were automatically sold by Mitek Systems, Inc. to pay withholding taxes upon vesting of such restricted stock units in satisfaction of such withholding obligations.